Registered plans are tax-friendly accounts to help you set aside money for your future. Meet with a member of our Wealth and Investment Team to start your financial plan today.
These are accounts that are registered with the Canadian government. The associated immediate or long-term benefits can include tax savings, income management, added growth, and even grants. Take a look at the options below to find out which plan might be right for you.
A Tax Free Savings Account is a flexible, registered general-purpose savings account that allows Canadian residents to earn tax-free investment income to more easily meet their needs at any stage of life.
While there is a contribution limit for TFSA accounts and TFSAs are not tax-deductible for income tax purposes, any investment income or capital gains earned in the account is tax-free even when it is withdrawn.
A Retirement Savings Plan allows you to save money for retirement while lowering the income tax you owe today. Contributions are deducted from your annual income to reduce the amount of income tax you must pay for that year.
Careful planning is key to maximizing the benefit of an RRSP.
A Retirement Income Fund provides a source of income throughout your retirement.
You’ve saved throughout your working life, now it’s time to reap the rewards! In collaboration with your Kindred Wealth and Investment Team, you can determine how to set up your RRIF to create a regular income stream.
A Registered Education Savings Plan (RESP) is an education investment plan that allows you to accumulate money in an investment portfolio for a child’s post-secondary education. You can place your RESP investment in mutual funds, GICs, and more.
You can also access government grants when you have an RESP.
A Disability Savings Plan helps parents and others save for the long-term financial security of a person who is eligible for the Disability Tax Credit. Contributions can be made until the end of the year in which the beneficiary turns 59 and are eligible for grants such as the Disability Savings Grant. RDSP contributions are not tax-deductible.
The First Home Savings Account is a registered savings account that offers the benefits of both tax deductions on your contributions and non-taxable earnings on your savings!
Use these calculators to help you understand your choices, project outcomes, and make informed financial decisions.
At Kindred Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits not in registered accounts are insured up to $250,000 through FSRA. Learn more about deposit insurance.
Meet with a member of our Wealth and Investment Team for investing advice with values at the core. We can help with your financial plan today.
